Bitcoin BTCUSD Inverted Head and Shoulders - Target 48k
Death cross has never been a major factor for Bitcoin. There have been multiple occasions when BTCUSD has rallied strongly following a death cross. Being a lagging indicator, it's more useful in legacy markets where there isn't as much volatility. The most recent death cross was in March 2020. BTC surged 100% 2 months later and 1100% a year later.
Inverted H&S setup looks perfect thus far for BTC. I expect a breakout next week and 48k before the monthly close or the first week of July at the latest.
Inverted H&S setup looks perfect thus far for BTC. I expect a breakout next week and 48k before the monthly close or the first week of July at the latest.
Ordre annulé
Pattern invalidated by a new low. Transitioned into a Wyckoff accumulation spring up
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.